An Investor (The Buyer) Purchases a Call Option from a Seller

question 60

Multiple Choice

An investor (the buyer) purchases a call option from a seller. On the expiration date of a call option:

• A) the buyer has the obligation to buy the underlying asset and the seller has the obligation to sell it.
• B) the buyer has the right to buy the underlying asset and the seller has the obligation to sell it.
• C) the buyer has the obligation to buy the underlying asset and the seller has the right to sell it.
• D) None of the above.

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